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    Morning Bell: Can Government Worsen the Mortgage Crisis … ‘Yes We Can!’

    May 7, 2008 at 9:06 am

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    A publicly traded corporation announces a $2.2 billion quarterly loss, a dividend cut and warns that steeper losses are sure to come. One might expect such a company’s stock to go down on such dire news. But not Fannie Mae! On the very day Fannie revealed nothing but bad performance … More

    Why Is Congress Risking Billions to Save Nothing?

    May 5, 2008 at 1:19 pm

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    This week the House is set to pass legislation to help homeowners who spent too much on their homes avoid foreclosure. From the beginning, the bill’s architects have been ambivalent about how many people their plan would actually help. Over a month ago Rep. Barney Frank told The Hill it … More

    Morning Bell: Let Hope Work Now

    April 11, 2008 at 8:42 am

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    With President Bush’s letter to Speaker Nancy Pelosi Wednesday and John McCain’s speech in Brooklyn yesterday, now all three presidential candidates and the White House are supporting plans that would expose taxpayers to hundreds of billions of dollars in housing market risk. All three plans would set extremely bad precedents … More

    Morning Bell: This ‘Something’ Will Not Help Mortgage Mess

    March 25, 2008 at 8:55 am

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    Sen. Hillary Clinton yesterday threw her weight behind a plan by Rep. Barney Frank (D-Mass.) and Sen. Chris Dodd (D-Conn.) to authorize the Federal Housing Administration (FHA) spend $20 billion in taxpayer money to guarantee up to $400 billion in questionable mortgages. Considering Sen. Barack Obama is already a co-sponsor … More

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    Ed Meese: We’ve Seen the Effect of “Amnesty” BeforeExperts can’t always predict exactly how public policy will affect the nation, despite our best efforts. But when it comes to immigration policy, we have tried many of the types of reforms advocated by today’s Gang of Eight—so we should consider the effects these reforms had in the past. In … MoreMore
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